further2										
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
VARIABLES	Before 2017	After 2017	Before 2017	After 2017	Before 2017	After 2017	cs1	cs1	Before 2017	After 2017
										
issuerratingXguarantee					0.0221***	0.0778***			0.1427***	0.4397***
					(0.0084)	(0.0261)			(0.0449)	(0.0745)
ississuerrating_value	-0.1411***	-0.2523***	-0.0053	-0.0289	-0.0120*	-0.0498**	-0.6838***	-0.6556***	-0.7274***	-0.7739***
	(0.0160)	(0.0253)	(0.0059)	(0.0206)	(0.0072)	(0.0240)	(0.0300)	(0.0629)	(0.0330)	(0.0659)
guarantee			-0.0065	-0.0363	-0.0512***	-0.2291***	-0.2226***	-0.5053***	-0.5111***	-1.5956***
			(0.0074)	(0.0302)	(0.0177)	(0.0825)	(0.0371)	(0.0892)	(0.0964)	(0.2091)
Constant	0.9548***	0.7796	-0.0695	0.0800	-0.0716	0.1000	5.3196***	5.5958***	5.3056***	5.7090***
	(0.3244)	(0.4772)	(0.1303)	(0.2393)	(0.1301)	(0.2345)	(0.6789)	(0.9269)	(0.6763)	(0.9105)
										
Observations	5,451	1,346	5,451	1,346	5,451	1,346	5,451	1,346	5,451	1,346
R-squared	0.1479	0.4539	0.1213	0.2233	0.1230	0.2328	0.5740	0.7350	0.5758	0.7436
Controls	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Province FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Industry FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
RatingAgency	Yes	Yes								
Adjusted R-Squared	0.137	0.428	0.110	0.186	0.112	0.195	0.569	0.722	0.570	0.731
RatingAgency FE			Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Robust standard errors in parentheses										
*** p<0.01, ** p<0.05, * p<0.1										
